applying for credit card w/ a tax lien

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Subject: applying for credit card w/ a tax lien

Tue Nov 03, 2009 10:47 pm

can i apply for a credit card with a tax lien. Are there any credit cards that will accept me? I am paying if off now.

fireyone

Joined: 26 Feb 2008
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Posts: 4121

1011 Magic Points

Tue Nov 03, 2009 11:26 pm

Hello Guest,
Unfortunately right not is not the best time for credit card companies. With so many people defaulting on their credit cards a lot are not taking too many leaps unless you have almost perfect credit. I am not saying it is hopeless. A lot will depend on the age of this tax lein and other credit you may have. Do you have any older credit card accounts or bank loans that show a good payment history? This alone could help. Do you know your credit score? Give us a little more info and we may be better able to direct you.

James Orr

Joined: 07 Jun 2009
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Posts: 45
Location: Maharashtra

186 Magic Points

Thu Nov 05, 2009 5:41 am

I will also depends on your previous credit history & your current credit score.

Thanks.

carol

Joined: 27 Jun 2006
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Posts: 1308

28489 Magic Points

Thu Nov 05, 2009 6:01 am

Hi guest

If you have a tax lien it is likely that you will not be approved fr new credit. Any lender or creditor would like you to clear off the lien before you apply for new credit/loan. Even if you do find a company willing to lend you money despite the lien, you may have to pay very high interest on your card. So, think about it before you accept an offer.
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Carol

debranewell2008

Joined: 10 Oct 2009
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Posts: 422

7270 Magic Points

Thu Nov 05, 2009 11:59 am

Yes unfortunately you will have to have that cleared up before you are going to be able to get anyone to extend credit to you.

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